Businesswoman Staveley loses Barclays court battle for damages
By Kirstin Ridley
Reuters
LONDON (Reuters) - A London High Court judge on Friday found Barclays guilty of serious deceit over how it negotiated a financial lifeline with Amanda Staveley during the credit crisis in 2008, but denied the businesswoman damages and dismissed her claim.
Judge David Waksman said the decision would be a grave disappointment to Staveley s PCP Capital Partners group, which has claimed around 836 million pounds ($1.16 billion) in compensation during an acrimonious court battle. .while PCP has succeeded on liability, it has failed on causation and loss with the result that the overall claim fails, he said, noting Staveley was a tough, clever and creative entrepreneur who Barclays had sought to disparage.
The Chief Executive Officer of the Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group (IsDBG), Mr. Ayman Amin Sejiny and the Chairman of the Management Board of Turonbank, Mr. Chori Sadibakosovich Mirzaev, have signed an Advisory Services Agreement in relation to launching of an Islamic window at the bank.
The intended Islamic window will create an opportunity for Turonbank to be one of the foremost wholly profit-sharing Islamic Windows, offering Islamic products and services in Uzbekistan. As a result, the bank will diversify its products, funding sources and increase its profits.
APO | 9 February 2021
Signing of the Advisory Services Agreement between the Islamic Corporation for the Development of the Private Sector (ICD) and Turonbank, Uzbekistan
Mr. Ayman Amin Sejiny, the CEO of the Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-idb.org), the private sector arm of the Islamic Development Bank Group (IsDBG), and Mr. Chori Sadibakosovich Mirzaev, Chairman of the Management Board of Turonbank, signed an Advisory Services Agreement in relation to launching of an Islamic Window at the Bank. The intended Islamic Window… Read more on https://icd.africa-newsroom.com/press/signing-of-the-advisory-services-agreement-between-the-islamic-corporation-for-the-development-of-the-private-sector-icd-and-turonbank-uzbekistan?lang=en
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